🚨 New Traders Must Learn This: What Is a Breakout?
🔍 In Simple Words:
🔼 Resistance = Price goes up, then falls back down
🔽 Support = Price drops, then bounces back up
🔁 When price moves between these two = Rangebound Market
⚡ When a Breakout Happens:
✅ Breaks above resistance → Buyers jump in
✅ Breaks below support → Short sellers take action
🧪 Retest Matters:
Price often returns to the breakout level.
If it continues in the breakout direction after retest ➝ Confirmation.
📌 Key Lesson:
Don’t chase breakouts too early!
✅ Wait for a retest confirmation to enter safer — whether you're buying or shorting.
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